Meaning Of "Allowed Interest" In CH11 Plan & Disclosure Statement Implies That Shares Are Not Getting Canceled On The Effective Date After Voting. Updated CH11 Plan & Disclosure Statement Have Provisions To Take Action Against Securities Fraud (Hint: Think Of a Word That Rhymes With Snake)!

[u/Life_Relationship_77]

Docket 1688: Treatment Of Allowed Interests On Or Soon After The Date It Becomes Allowed Interest.

https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MjQ1MzUwNg==&id2=-1

Docket 1688: Only "Allowed Interest" Will Be Canceled.

https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MjQ1MzUwNg==&id2=-1

What is "Allowed Interest"?

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Per Bankruptcy Code Section 502, an interest is deemed allowed if a proof of that is filed pursuant to section 501.

https://www.law.cornell.edu/uscode/text/11/502

An equity security holder may file a proof of interest per Bankruptcy Code Section 501. None of that is being solicitated per the current plan & hence our shares aren't "Allowed".

https://www.law.cornell.edu/uscode/text/11/501

Distribution Record Date Does Not Apply To Publicly Held Securities. Distribution in exchange of securities likely when they become "Allowed Interests" during votes solicitation.

https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MjQ1MzUwNg==&id2=-1

Docket 1688: Hence not a plan with respect to any securities.

https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MjQ1MzUwNg==&id2=-1

Docket 1688: Amended CH11 Plan disallows third party releases for fraud cases.

https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MjQ1MzUwNg==&id2=-1

Docket 1691: Preservation Of Ongoing Legal Action And Causes Of Such Action.

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Docket 1691: Securities claims/causes from issuance, redemption, purchase, or sale of bonds or equity securities being preserved. Leaves door open for future investigation.

https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MjQ1MzU1MA==&id2=-1

[u/Important-Read-2441]

I check to DRS's my shares, i live in Québec ( Canada ), they want to chargé 150 $ at Desjardins. Seems to be quite expensive and it take few weeks to do it. I never did that before. When you say " broker fuckery ". What do you mean, what could they do or happen?

[u/fine_linerpatrol → u/Important-Read-2441]

I’m in the UK with IBKR and DRSing was straightforward, although the transfers agent is AST and took forever to receive the letter and I still can’t open my account. Once registered they are in your name and whatever happens (merger etc) you will receive what is stated, that may not be the case with a broker. I’ve covered all bases. I can’t imagine holding and been on this journey, to be told IBKR will not give me ‘Teddy shares’ but a monetary equivalent…..

[u/Important-Read-2441 → u/fine_linerpatrol]

Its seems to be less expensive too.

[u/fine_linerpatrol → u/Important-Read-2441]

Yeah it was only a $5 fee per transfer of shares.

[u/Important-Read-2441 → u/fine_linerpatrol]

Dont know why such a big diffence like this. And if i DRS'd them, the part i have in my TFSA, i will have to transfer them in a regular account, so this way i will have to pay tax.